VerizonOffersiPhone5For$99,ButThere'sABigCatch

Verizon is now offering consumers the chance to purchase a brand new iPhone 5 handset for just $99, when customers sign-up for a two-year contract. While this impressive offering is 50 percent off Verizon's usual on-contract iPhone 5 handset price of $199, there is, unfortunately, a catch.
Speaking with Gotta Be Mobile, Verizon noted that only a select number of subscribers qualify for the discount, which will be available until June 30. Specifically, basic phone owners that the carrier has "identified as being interested in making the transition to a smartphone" will be offered the promotion.
The network added that many:

basic phone customers are interested in moving to a smartphone and the iPhone 5 is an ideal solution for those customers. This promotion gives customers an affordable option to help them make the transition.